Lennox International, Inc. $LII Stake Cut by Boston Trust Walden Corp

Key Points

• Boston Trust Walden cut its Lennox International stake by 4% in the third quarter, selling 3,000 shares and retaining 71,694 shares valued at about $25.5 million.
• Lennox reported quarterly EPS of $6.84, below the $7.29 analyst consensus, while revenue of $1.57 billion matched expectations and rose 10.2% year over year.
• Analyst sentiment is mixed but averages to Hold: 3 Buy, 11 Hold, and 3 Sell ratings, with an average price target of $444.85.

Boston Trust Walden Corp reduced its holdings in Lennox International, Inc. (NYSE:LII - Free Report) by 4.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 71,694 shares of the construction company's stock after selling 3,000 shares during the quarter. Boston Trust Walden Corp owned approximately 0.21% of Lennox International worth $25,453,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in Lennox International in the 2nd quarter valued at about $1,704,846,000. Beacon Pointe Advisors LLC bought a new position in Lennox International in the 2nd quarter worth approximately $239,217,000. Bank of America Corp DE bought a new position in Lennox International in the 2nd quarter worth approximately $196,075,000. Deutsche Bank AG acquired a new stake in Lennox International in the 2nd quarter valued at approximately $159,181,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Lennox International by 3.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,782 shares of the construction company's stock valued at $137,956,000 after acquiring an additional 7,397 shares in the last quarter. 67.07% of the stock is owned by institutional investors and hedge funds.

Lennox International Stock Performance

Shares of NYSE LII opened at $349.33 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 0.57. Lennox International, Inc. has a one year low of $322.00 and a one year high of $587.27. The business's 50-day moving average price is $364.79 and its two-hundred day moving average price is $468.58. The company has a market capitalization of $11.95 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 2.00 and a beta of 1.19.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The construction company reported $6.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.29 by ($0.45). Lennox International had a return on equity of 62.34% and a net margin of 13.77%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the company posted $6.98 EPS. The business's revenue was up 10.2% compared to the same quarter last year. Analysts anticipate that Lennox International, Inc. will post 21.39 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Lennox International's payout ratio is 25.24%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LII shares. Zacks Research downgraded Lennox International from a "hold" rating to a "strong sell" rating in a research report on Friday, October 30th. Weiss Ratings downgraded Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Mizuho set a $350.00 price objective on Lennox International in a report on Thursday, October 29th. Oppenheimer cut Lennox International from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 29th. Finally, BNP Paribas Exane lowered their target price on Lennox International from $450.00 to $350.00 and set a "neutral" rating on the stock in a report on Friday, October 30th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $444.85.

Lennox International Profile

Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.

Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.

Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.

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